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What's Happening In Bankruptcy Court This Coming Week
Talc producers Imerys Talc America and Cyprus Mines Corp. will seek confirmation of their joint Chapter 11 plan. Canned food producer Del Monte will find out whether its proposed Chapter 11 creditor settlement will be approved by a New Jersey bankruptcy court. Home solar panel financing company PosiGen will deal with creditor motions seeking appointment of a Chapter 11 trustee. Investment platform Linqto's proposed bankruptcy plan will be up for consideration.
Meet The Attorneys In FAT Brands Ch. 11
A team of lawyers from Hunton Andrews Kurth LLP and Latham & Watkins LLP are representing FAT Brands Inc., the owner of Fatburger and Johnny Rockets, in its Texas Chapter 11 case.
Behind The Scenes With Rhodium Special Committee Duo
From forensic tracing of hundreds of crypto mining rigs to understanding the ins and outs of Texas' energy market, the special committee of Rhodium Enterprises played a key role in the bitcoin miner's bankruptcy, culminating in the December confirmation of its Chapter 11 liquidation plan. Law360 spoke with two of its members about the role they played and why such committees are becoming more common.
Large Cap More
Ropes & Gray LLP announced on Monday that its new global restructuring group chair is a former Fried Frank Harris Shriver & Jacobson LLP partner who arrives at the firm alongside three of her colleagues.
Jeffer Mangels Butler & Mitchell LLP founding partner Jim Butler has decamped to Blank Rome LLP with a team of four other hospitality pros, who will help build out the firm's hospitality and real estate teams,... (more story)
A Florida attorney testified Friday in a $500 million dispute over the ownership of the Miss America pageant to explain how the operating agreements for two companies associated with the competition were not f... (more story)
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including takeaways for the build-to-rent sector following a recent executive order on Wall Street investment in the s... (more story)
A New Jersey bankruptcy judge said Friday that he needed the weekend to decide whether to give interim approval to Multi-Color Corp.'s contested $657.5 million Chapter 11 loan, but agreed to let the label-make... (more story)
A Texas bankruptcy judge on Friday indicated that he will approve Saks Global's emergency motion to close the majority of its Saks Off 5th retail locations and its remaining Neiman Marcus Last Call stores, but... (more story)
A group of insurance carriers has asked a Delaware bankruptcy judge to reject the proposed Imerys Talc-Cyprus Mines Chapter 11 plan, saying it would restrict the insurers' contractual rights and improperly bin... (more story)
Pretium Packaging secured a New Jersey bankruptcy judge's approval Friday to borrow $401 million to fund a Chapter 11 case designed to cut $900 million in debt and wrap up in less than a month.
Reed Smith LLP has told a New York federal court that it has retained Gibson Dunn & Crutcher LLP to represent it in connection with a motion for sanctions, stemming from a dispute tied to a joint venture invol... (more story)
Boies Schiller Flexner LLP has added the former leader of Grant & Eisenhofer PA's bankruptcy and distressed litigation practice to enhance its capacity to handle all sorts of bankruptcy litigation matters.
Mid Cap More
EDITING--JPMorgan, the mortgage lender to a Manhattan loft owner, has urged a New York bankruptcy court to appoint a Chapter 11 trustee in the landlord's bankruptcy case or convert it to a liquidation under Ch... (more story)
Carbon Health Technologies Inc., an urgent care provider based in California, filed for Chapter 11 bankruptcy relief Monday in Texas, listing more than $100 million in liabilities.
Oilfield services provider Nine Energy Services filed for Chapter 11 protection in a Texas bankruptcy court Monday with a prepackaged plan to cut $320 million of its $388 million in debt with an equity swap.
Fannie Mae has asked a New York bankruptcy court not to return an apartment complex in Duluth, Minnesota, from receivership to its owner during a Chapter 11 appeal, saying the debtor is not to be trusted, give... (more story)
The former chief compliance officer of a subsidiary of bankrupt fintech company Synapse has agreed to a $20,000 fine and yearlong suspension to settle the Financial Industry Regulatory Authority's allegations ... (more story)
Genesis Healthcare and a former bidder for the debtor's assets opposed installation of a Chapter 11 trustee before a bankruptcy court refused the idea. A Texas bankruptcy judge refused to rethink approving a c... (more story)
The owner of bankrupt New York music venue Brooklyn Mirage has seen support for its Chapter 11 reorganization plan withdrawn by unsecured creditors, who say the debtor's stalking horse bidder and debtor-in-pos... (more story)
A NASCAR parts distributor is allegedly being extorted by Brembo NV, the Italian parent company of its longtime U.S. business partner, in Brembo's attempt to recover debts from a bankrupt company formerly owne... (more story)
Attorneys from Paul Weiss Rifkind Wharton & Garrison LLP led Rite Aid through its second reorganization in two years and won approval for the sale of DNA testing company 23andMe over the objections of state re... (more story)
A dispute over who should pay a more than $3 million bill incurred by special master Robert Pincus as he fended off a disqualification bid has become another flash point in long-running litigation aimed at auc... (more story)